Expanding your property portfolio offshore you need to weigh up a lot in order to ensure that your investment move was smart and effective. There are undoubtedly many opportunities out there, from London, Portugal to America. For a South African investor however, it is important to have very little risk involved as you set out to secure your wealth.
Australian property thriving
Boasting a steady economy, Australia has weathered the global property storm. This country has set a world record, having seen 109 consecutive quarters of growth. Australia has shown extensive resilience in challenging times, such as the Asian financial crisis in 1990, the dotcom bubble burst in 2000 and the once-in-a-generation mining boom in 2014. Australia has risen above all of these hard times and has achieved remarkable results, especially in the property market.
Brisbane is on the map for success
One of the key performing property markets is Brisbane. Unlike Sydney and Melbourne, who have seen property prices decline, Brisbane’s property has seen steady growth. According to Chief Economist, Nerdia Conisbee, from Realestate.com.au, despite the concerns mounting over ‘apartment oversupply’, this region continues to gain interest from investors. Within Brisbane, sought-after areas such as Camps Hill has seen approximately 60% growth in house prices over the last 10 years.
It is evident that stability in economic and wealth growth plays a significant role in where investors look to invest. Australia continues to prove that this country is a secure investment and a smart move for any offshore investor. Register your interest and learn more about new developments launching within Brisbane.